The positive trend for JUMBO continues at an increasing pace while serious market problems persist

Despite the prolonged closure of the Suez Canal, there are signs of improvement in the delivery time of goods. This implies for cautious optimism in the supply chain.

On the other hand, recent decisions on the introduction or increase of tariffs on key products (US and China) have raised concerns on the impact of the global economy.

The Group’s management believes that the increased uncertainty over tariffs, in combination with the recent increase in energy costs and the continued strengthening of the dollar, raises concerns about a possible resurgence of inflation.

The above mentioned make a reasonable forecast for 2025, very difficult. Hence the budget for 2025 would be most likely aired after the first four months, when the situation is likely to become more interpretable.

In such an uncertain global environment, the Jumbo Group insists on keeping the prices of its products affordable. The price/quality ratio remains unchanged for the benefit of the consumer.

• At a Group level, sales in January 2025 increased by c. +11% y-o-y.

A significant part of the increase in turnover in January 2025, is attributable to franchisees operating stores under the JUMBO brand. Therefore, despite the positive signs, January's performance should not be extrapolated for the full year.

• Through partnerships, the Group is currently present with 39 JUMBO brand stores in 7 countries (Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, Kosovo, Serbia, Montenegro and Israel) compared to 36 stores in January 2024.

In January 2025, the net sales of the parent company - excluding intragroup sales – increased by c. +15% y-o-y, mainly due to an increase in wholesale sales and an increase in exports to franchisees.

The network's sales increased by c. +3% y-o-y in January 2025.

The network's sales increased by c. +2% y-o-y in January 2025.

The network's sales, including the on-line store (www.e-jumbo.ro) increased by c. +5% y-o-y in January 2025.